We test the hypothesis that cooperative membership is a trust and trustworthiness reinforcing device and that, as such, it affects (in a trust game) both trustors' and trustees' transfers and beliefs. In considering trust games played by sugar farmers in the Philippines, we find that (i)...

We investigate the effects of the 2004 Tsunami on a sample of microfinance borrowers. Our findings show that the severe loss of income of damaged borrowers only partially explains the dip in wellbeing. This is because the latter is also related to economic losses not measured by current income...